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Tuesday, 21 September 21
CHINESE COAL IMPORTS FROM AUSTRALIA DROP 98.6% AS RESTRICTIONS BITE - BIMCO
 In the first seven months of the year Chinese coal imports from Australia have totalled just 780,000 tonnes as Chinese restrictions on Australian coal have started to hurt, according to Oceanbolt. This represents a 98.6% drop compared with 56.8 million tonnes in the same period in 2020.
In the first seven months of 2020, 697 voyages were made carrying coal between Australia and China. Out of these, 59.1% were on Panamax ships while Capesize ships proved the second most popular, accounting for 35.3%. So far this year, only 14 journeys have been carried out, of which eight were on Panamax ships.
On the other hand, imports of coal from Indonesia have grown 45.2%, from 76.4 million tonnes in the first seven months of last year to 110.9m tonnes in 2021, resulting in the share of total Chinese coal imports from Indonesia jumping to 60.4%. The share from Australia on the other hand has fallen to just 0.4% in the first seven months of 2021.
Total Australian exports still up
Despite the steep drop in exports to China, total Australian coal exports are up by just under 400,000 tonnes compared with the first seven months of last year, representing a growth rate of 0.2%. Exports to India and South Korea have grown the most, up by 22.3 million tonnes (+96.3%) and 15.0 million tonnes (+72.2%) respectively.
The marginal growth so far this year leaves total Australian coal exports at 223.4 million tonnes in the first seven months of the year which, excluding 2020, is the slowest start to the year since 2015. Despite this, the new destinations mean that tonne mile demand has not fallen back to 2015 levels, as the average sailing distance travelled per tonne has risen to 4,603 miles (+6.6% from 7M 2020), generating more tonne-miles and benefitting the dry bulk shipping industry. While volumes grew 0.2% in the first seven months of 2021 compared to 2020, tonne mile demand generated by Australian coal exports has risen 6.8%.
“As disruption on the Australia-China coal trade enters its second year, new matches are being made between buyers and sellers as they all seek to fill the gaps left by restrictive trade policies. These changes fit into the wider picture of a strong dry bulk market influenced by various congestions, particularly in Asia, soaking up tonnage and pushing freight rates upwards,” says Peter Sand, BIMCO’s Chief Shipping Analyst.
Source: BIMCO, By Peter Sand, Chief Shipping Analyst
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Wednesday, 06 October 21
EUROPEAN COAL FUTURES CLIMB TO 13-YEAR PEAK - REUTERS
European coal futures rose to a 13-year high and physical thermal coal prices were at record highs as rallying gas prices and strong Asian demand f ...
Tuesday, 05 October 21
CAPESIZE MARKET WAS IN A STEEP CLIMB FOR MOST OF THIS WEEK - BALTIC EXCHANGE
Capesize
The Capesize market was in a steep climb for most of this week as it reached a pinnacle of $74,786 Wednesday before stalling, regather ...
Wednesday, 29 September 21
THE WRITING IS ON THE WALL: AUSTRALIA’S COAL ERA IS OVER - YAHOO!FINANCE
As the fringe of Australian politics strives to pump up the coal industry, facts show that coal production has started its long run decline.
&n ...
Wednesday, 29 September 21
SURGING COAL PRICES SPLIT ASIAN BUYERS INTO RICH AND POOR - REUTERS
As seaborne coal in Asia trades at, or near, record highs, there are early signs of demand destruction, especially among price-sensitive buyers suc ...
Wednesday, 29 September 21
MARKET INSIGHT - INTERMODAL
Tanker Asset values have surprised to the upside, despite the downward pressure on the freight market. Tanker rates have been hovering close to the ...
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- Global Green Power PLC Corporation, Philippines
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- McConnell Dowell - Australia
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- Miang Besar Coal Terminal - Indonesia
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- Global Business Power Corporation, Philippines
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- Australian Coal Association
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- Indian Energy Exchange, India
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- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
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- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
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- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
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- CNBM International Corporation - China
- Mintek Dendrill Indonesia
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- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
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- Price Waterhouse Coopers - Russia
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- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
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- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
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- Sakthi Sugars Limited - India
- Bhatia International Limited - India
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- Dalmia Cement Bharat India
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- Therma Luzon, Inc, Philippines
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- Ministry of Transport, Egypt
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- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
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- Heidelberg Cement - Germany
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- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
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- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
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- Planning Commission, India
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- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
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- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
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- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
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- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
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- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
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- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
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- Central Electricity Authority - India
- Cement Manufacturers Association - India
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- Intertek Mineral Services - Indonesia
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- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
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- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
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- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
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- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
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